18 Feb 2015
EUR/GBP keeps the 0.74-0.76 range – Westpac
FXStreet (Edinburgh) - Strategists at Westpac suggested the cross could remain within the 0.74-0.76 range in the near/medium term.
Key Quotes
“EUR/GBP remains in the 0.74-0.76 range that has held in Jan-early Feb”.
“But even as ECB sovereign QE looms, it is hard to see EUR/GBP breaking sharply lower, given strong odds of a highly fractured result in the looming UK general election”.
“More two-way the order of the day for EUR/GBP, with only limited impetus from the BoE Inflation Report”.
Key Quotes
“EUR/GBP remains in the 0.74-0.76 range that has held in Jan-early Feb”.
“But even as ECB sovereign QE looms, it is hard to see EUR/GBP breaking sharply lower, given strong odds of a highly fractured result in the looming UK general election”.
“More two-way the order of the day for EUR/GBP, with only limited impetus from the BoE Inflation Report”.